Pakistan Import Data

Import Globals29 Aug, 2024Business

Pakistan is a developing country with a growing economy that heavily relies on imports to meet its domestic demands. In the year 2022, Pakistan?s import rank is expected to improve due to various factors such as the implementation of economic reforms, increased foreign investments, and favorable trade policies. Pakistan's import rank in 2021 was 68th in the world. However, it is predicted that by 2022, Pakistan will jump up to at least the top 50 countries for imports. This significant improvement can be attributed to several factors such as an increase in demand for goods and services due to population growth, rising consumer purchasing power, and the government's efforts towards diversifying its imports.